Holpop News

According to the Wall Street Journal (WSJ), Bermuda, which already has a comprehensive regulatory system for digital assets, will focus on developing the crypto market as part of international business.
Authorities explained that some cryptocompanies cite regulatory uncertainty that creates barriers to doing business.
“We are aware of the recent devaluation of cryptocurrency prices and remain confident that this does not threaten the island’s ability to become a cryptocurrency hub. This industry downturn will likely support our goal and positively impact our long-term growth and role in this sector,” said Bermuda Minister of Economy and Labor Jason Hayward.